If the shareholders' equity allocated to the subsidiary's preference shares amounts to $240,000 and the parent...

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If the shareholders' equity allocated to the subsidiary's preference shares amounts to $240,000 and the parent company acquires 60% of the subsidiary's preference shares at a cost of $150,000, how much will the amount of cash on the consolidated balance sheet change as a result of this transaction? It will not change. It will increase by $150,000. It will decrease by $144,000. It will decrease by $150,000. If the shareholders' equity allocated to the subsidiary's preference shares amounts to $240,000 and the parent company acquires 60% of the subsidiary's preference shares at a cost of $150,000, how much will the amount of cash on the consolidated balance sheet change as a result of this transaction? It will not change. It will increase by $150,000. It will decrease by $144,000. It will decrease by $150,000.